Zedge, Inc. (NYSEAMERICAN:ZDGE) Short Interest Update

Zedge, Inc. (NYSEAMERICAN:ZDGE) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 15,800 shares, a growth of 54.9% from the October 15th total of 10,200 shares. Based on an average trading volume of 59,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Zedge Price Performance

Shares of ZDGE stock traded down $0.03 during trading hours on Friday, reaching $2.75. The company had a trading volume of 15,937 shares, compared to its average volume of 64,641. The firm has a market capitalization of $37.46 million, a PE ratio of -4.23 and a beta of 1.28. Zedge has a 12-month low of $1.70 and a 12-month high of $5.18.

Zedge (NYSEAMERICAN:ZDGE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $7.58 million during the quarter. Zedge had a negative net margin of 30.48% and a positive return on equity of 2.74%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZDGE. FMR LLC lifted its stake in Zedge by 30.2% during the third quarter. FMR LLC now owns 44,414 shares of the company’s stock worth $164,000 after purchasing an additional 10,293 shares in the last quarter. Heron Bay Capital Management lifted its stake in Zedge by 45.6% during the second quarter. Heron Bay Capital Management now owns 53,762 shares of the company’s stock worth $164,000 after purchasing an additional 16,838 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Zedge by 2.9% during the second quarter. Renaissance Technologies LLC now owns 505,014 shares of the company’s stock worth $1,540,000 after purchasing an additional 14,404 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Zedge by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 108,035 shares of the company’s stock worth $330,000 after purchasing an additional 16,028 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Zedge during the second quarter worth $51,000. 29.37% of the stock is currently owned by hedge funds and other institutional investors.

Zedge Company Profile

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.